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Why financial institutions are rethinking 2D risk rating models

Abrigo

Ill never forget a deal from the late 1980s: five commercial lots in North Dallas were appraised at $110 million in September 1987. But when defaults actually happen, all kinds of issues come into playdeferred maintenance, collapsing collateral value, and lost revenue streams, for example. By January 1988, they were worth $49 million.

Dallas 195
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Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. Kassul noted his firm used to invest in ABS from the lending marketplaces but, eventually, there just wasn’t enough profit in it. The Coming Risk Assessment Reset.

Lending 116
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. BAMFi , a software provider for the secured lending space, will still own its proprietary solution FactorCloud. It will now focus solely on its cloud-based secured lending software solution.

Capital 130
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Five At Five: Do Banks Really Appreciate SMBs?

PYMNTS

officials want to overhaul rules for business lending, facial recognition is being deployed to fight bank fraud and Jet has new fuel for its competition against Amazon. Sam’s Club Launches High-Tech Test Store in Dallas. UK MPs Call for Overhaul of Business Lending Rules. SMBs Say Banks Don’t Appreciate Their Business.

Dallas 134
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Federal Home Loan Bank of Dallas Awards $18.5m for Affordable Housing

Banking Exchange

Subsidies will create or rehabilitate more than 2,100 housing units Community Banking Feature3 Feature Fair Lending Mortgage Credit Mortgage Mortgage/CRE Human Rights Inclusion Diversity.

Dallas 78
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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Dallas, Texas – PlainsCapital Bank ($1.89 Another home lending specialist, about 61 percent of the bank’s total assets ($1.56

Cleveland 150
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FinCEN Reissues Real Estate Geographic Targeting Orders: What does this mean for you?

Abrigo

Real estate lending BSA training should include GTO guidance. The newest order include s : Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . The purchase price of residential real estate under this GTO remains at $300,000.